Home / Knowledge / News / Apparel/Garments / Shanta Group in JV with UK firm
Shanta Group in JV with UK firm
Apr '10
One of the leaders in garment production, Shanta Group, is in talks with a UK company to sell a certain amount of shares in two of its units for $15 million.

According to one of the directors of the company, Khondoker Jamil Uddin, more than 51 percent of these shares, will stay with Shanta Group for the 'purpose of operational benefits'.

A six-member team from UK are negotiating with the shareholders of Shanta Group to strike a deal. However, Jamil informed that since everything is going as per plan, the deal is soon to be signed.

Located at Dhaka Export Processing Zone, shares from both Shanta Industries and Shanta Denim will be sold. Shanta Industries was established in 1998 and Shanta Denim in 2002. As per Jamil, Shanta was facing problems in manning the business and had therefore decided for foreign partnership.

Insufficient supply of gas and power was making it impossible for them to meet their production deadlines. Trousers, shorts, shirts, blouses, dresses and vests are products produced by Shanta Industries and Shanta Denim.

Tommy Hilfiger, American Eagle, Gymboree, GAP, International Sourcing, Marks and Spencer, Levis and Next are some of Shanta's primary customers.

Of the total number of 7000 labourers working in Shanta Group, almost 4000 are employed in the above mentioned factories. Apparels worth $55 million were exported in 2009 of which Shanta Denim accounted for $30 million.

Shortage of gas and power, frequent labour unrest, fall in the export orders from international buyers and continued downward price pressure from them are the problems forcing other important groups as well, to hunt for either more global purchasers or enter into joint-ventures.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search